Member Info for dai2belts

Its a good idea for a thread
I worked out progress to be about 27m/d up to the point they were casing the side kick, but hopefully drilling will become easier from now on allowing faster progress, if not faster then slow and smooth..
But I will be up in the morning to check on the 7am RNS I was hoping for on monday :)

For comparison Desert Mountain Energy
4th well start start announcement 19th May, and Results 9th July
19th May
The Company is pleased to announce that it has began operations on well #4 located near in the State of Arizona in the Holbrook Basin. Well #4 will be the deepest to date going to the bedrock granite, approximately 3900 feet(1188.72 metres), and is expected to take approximately 10 days to drill and test.

9th July
Desert Mountain Energy Corp. is pleased to announce that it has encountered significant showings of helium across four formations in its fourth wildcat well. A decision was made to set production casing and is in the process of cementing it into place.

Cover page of Research Note, Tennyson Doc in link attached earlier

@KR, we have been spoilt with updates, last Tuesday seems ages ago, they must be busy wire-lining an unexpected zone ;)
wishful thinking

Thanks Troajan :) typo

Thanks Toajon, After BP explaining it and putting it through a calculator I thought thats good, but now you have given me a comparison its even better :)

@BP
IRR 106%, not 10

Thanks BP :)
That helps a lot, after reading found a IRR calculator..
In return an interesting read, only saying its worth a read though...
Tennyson Doc
( 2.25 sp, risked 8p, unrisked 12p, CoS 95% IRR 106% )
https://www.advanceplc.com/investor-relations/research-notes/

Thanks BP :)
That helps a lot, after reading found a IRR calculator..
In return an interesting read, only saying its worth a read though...
Tennyson Doc
( 2.25 sp, risked 8p, unrisked 12p, CoS 95% IRR 10)
https://www.advanceplc.com/investor-relations/research-notes/

Just been reading the last news letter, and Sun Rise is when the sun is behind the rig, so pipes, rig, tree, sun.
If the sun looks closer than normal we have a big leak..
or they switched cameras
http://www.helium-one.com/2021/07/05/helium-one-company-news-june-2021/

IRR-internal rate of return
This is not sticking for me..
What does an IRR of 10%, 100% and a 110 % tell you?

@inthevoid, that link was above my head..
But to put the cat amongst the pigeons, end of the year DM will be speaking at a conference, and so will a Chinese company that sources and sells gases. Sounds like an opportunity being worked to me, also the conference is in the US..
So will just have to wait and see...

But then again Rolls Royce has amongst its contracts the US Air force, and China, their nuclear submarines. That's crazy especially with the tensions in the South China Seas, China flexing their muscle.

Thanks, will save those posts for tonight with a Beer, and then compare with the DM interview..

@Diversified, forgot to say thanks for replying :)

Still interesting, will take another look,
I believe some posts have been deleted here though, I was putting together some info from a number of posters here, searched by thread, and poster profiles, gave up in the end.. got most of what I wanted but wanted a last look through..

Thats interesting, what doc are you looking?

@BigPlan
I was thinking about you as I looked at NEX, and wondered if you have looked at it in depth? It was a growth stock until Covid, and is 1/2 price and is at 2014 prices.. Obviously its taken on debt..If you do take a look I would be interested in your opinion..

@ST It was interesting to see the share price pickup the first fews hours on low volume, and then fall back especially when the free float increased by 2.17m shares, end of last week, possibly last Friday..?

@Diversified, I have seen the 1st main target mentioned by a few posters now. The original seismic section for Tai had a target at 400m(600 milli seconds) and then another at TD(1100msec). I am assume its TD everyone is referring to?

@inthevoid,
looks like OPIC having been providing loans to companies in Tanzania, so could be an option since they provided a loan to Renergen(2019)..
If He1 can supply 10-15% of the worlds helium that has a positive impact for the US economy, no shortages.
Plus the benefits to Tanzania
Also its probably one of the greenest sources of helium
This document gives an idea of what OPIC consider before approving a loan
https://www.dfc.gov/sites/default/files/2019-08/9000032020.pdf

But then I found out OPIC has been replaced, and is now United States Development Finance Corporation.
Why, because of China :)
"The Overseas Private Investment Corporation changed in January into the United States Development Finance Corporation. The DFC is endowed with enhanced authority meant to enable it to compete more effectively with China’s support of infrastructure in emerging markets."

And a $50-70M loan is small,
The DFC is expected to offer a maximum loan size well above OPIC’s $400 million limit (absent special board approval).
The DFC can provide financing for up to 25 years (versus a 20-year limit on OPIC-guaranteed financing).

Then it gets too complicated for me.. and may be Renergen would not get a loan from the new DFC , or would they get more ? :)
https://www.projectfinance.law/publications/2020/february/dfc-replaces-opic/

Here is the latest video link as posted by cperkin
https://is.gd/oH5U9D
As SGF points out the 10.6% is seepage and probably from the Itumbula helium springs..
Although the next RNS might change that, fingers crossed..